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and do whatever else is necessary to secure such rights. The insured shall do nothing to prejudice such rights. Any recovery as a result of subrogation proceedings arising out of the payment of loss or damages covered under this policy shall accrue first to the insured to the extent of any payments in excess of the limit of coverage; then to the Company to the extent of its payment under the policy; and then to the insured to the extent of its deductible or self-insured retention. Expenses incurred in such subrogation proceedings shall be apportioned among the interested parties in the recovery in the proportion that each interested party's share in the recovery bears to the total recovery. With respect to Coverages 13.1, 13.3 and 13.4 only,we waive any right of recovery we may have against the additional insureds as defined pursuant to Definition 17.i. of this policy because of payments we make for loss from bodily injury or property damage caused by covered operations or completed operations of the covered operations, performed for those additional insureds, but only to the extent required by written contract, executed prior to the loss, between you and the additional insured. VII. EXTENDED REPORTING PERIOD—COVERAGES A, B.3 AND B.5.b ONLY 1. We will provide a Basic Extended Reporting Period and a Supplemental Extended Reporting Period, if purchased, as described below, but only if: a. This policy is canceled or not renewed; or b. We renew or replace the coverage provided under Coverage A., B.3 or B.5.b. of this policy with insurance that: (1) Has a retroactive date later than the date shown in the Declarations; or (2) Does not apply on a claims-made basis. 2. Extended Reporting Periods do not extend the policy period, change the scope of coverage provided or reinstate or increase the Limits of Insurance. The Extended Reporting Periods apply only to claims made during the policy period resulting from actual or alleged negligent acts, errors or omissions in the performance of professional services, or to a claim made by a third party for cleanup costs or loss from bodily injury or property damage which arises from a pollution condition on, at, under or migrating from an insured location or a non-owned disposal site(s), or to cleanup costs which arise from a pollution condition on, at under or migrating from an insured location which is first discovered during the policy period. The actual or alleged negligent acts, errors or omissions under Coverage A must take place on or after the retroactive date and before the end of the policy period. The pollution condition under Coverage B.3 and B.5.b. must first commence on or after the retroactive date and before the end of the policy period. Once in effect, Extended Reporting Periods may not be cancelled. 3. Subject to 1.a. or 1.b. above, a Basic Extended Reporting Period is automatically provided without additional charge. This period starts with the end of the policy period and lasts for sixty (60) days with respect to claims first made against you during the policy period and reported to us in writing during the policy period or extended reporting period. The Basic Extended Reporting Period does not apply to claims or pollution conditions that are covered under any subsequent insurance you purchase, or that would be covered but for exhaustion of the amount of insurance applicable to such claims or pollution conditions. 4. Subject to 1.a. or 1.b.above, a Supplemental Extended Reporting Period of up to thirty-six (36) months is available with respect to claims first made against you during the policy period and reported to us in writing during the policy period, basic extended reporting period or the supplemental extended reporting period, if purchased, but only by endorsement to this policy and payment of an additional premium charge. This supplemental period starts when the Basic Extended Reporting Period, set forth in Paragraph 3. above, ends. You must give us a written request for the endorsement within 60 days after the end of the policy period. The Supplemental Extended Reporting Period will not go into effect unless you pay the additional premium promptly when due. We will determine the additional premium in accordance with our rules and rates. In doing so, we may take into account the following: a. The exposures insured; b. Previous types and amounts of insurance; c. Limits of Insurance available under this policy for future payment of damages; d. Other related factors. The additional premium will not exceed 200% of the annual premium for this policy. The Extended Reporting Period endorsement shall set forth the terms, not inconsistent with this section, applicable to the Supplemental Extended Reporting Period, including a provision to the effect that the insurance afforded for claims first received during such period is excess over any other valid and collectible insurance available under policies in force after the Supplemental Extended Reporting Period starts. 5. Renewal Extended Reporting Period CPP 9000 01 24 Page 17 of 22